East asia news

VCCI to Organize Side Event of World Economic Forum on East Asia 2010
On the sideline of the World Economic Forum on East Asia 2010 on June 6-7 in Ho Chi Minh City,Vietnam Chamber of Commerce and Industry (VCCI) will organize the international conference themed “Enhancing Vietnam’s Competitiveness for Sustainable Development” in Ho Chi Minh City on June 5. Deputy Prime Minister Hoang Trung Hai will address the event’s keynote. The side event will offer you an opportunity to discuss hot topics with government and business leaders and international renowned think tankers as well as to network with global and local CEOs who are passionate about revitalizing growth dynamism in East Asia and particularly Vietnam. It comprises of the two sessions. Session 1: “Vietnam - Putting competitiveness at the heat of growth” is opened with a presentation on assessment findings of the Vietnam Competitiveness Report 2009 – 2010. The report was developed … [Read more...] about VCCI to Organize Side Event of World Economic Forum on East Asia 2010

East Asia Sees Moderate Growth This Year
After last year’s strong economic recovery, emerging East Asia will see moderate growth this year as authorities continue to battle inflation amid anaemic recovery and deleverage in advanced economies, says the July issue of the Asia Economic Monitor (AEM), Asian Development Bank (ADB). ADB forecasts aggregate GDP to rise a still robust 7.9 percent in 2011 and 7.7 percent in 2012. The growth in 2010 was 9.3 percent. Growth in Vietnam is expected to slow as authorities tighten monetary policy and cut government expenditure to bring inflation under control. Vietnam’s economy expanded 5.7 percent in the second quarter of 2011, above the 5.4 percent first quarter growth, supported by increased industrial and construction output. For full year 2011, economic growth is forecast at 6.1 percent, with the economy in 2012 expected to expand 6.7 percent. The Asia Economic Monitor (AEM) is a semi-annual review of emerging East … [Read more...] about East Asia Sees Moderate Growth This Year

China is "changing the operational landscape" in the South China Sea by deploying missiles and radar as part of an effort to militarily dominate East Asia, a senior U.S. military official said on Tuesday. China is "clearly militarizing the South China (Sea)," said Admiral Harry Harris, head of the U.S. Pacific Command, adding: "You'd have to believe in a flat Earth to think otherwise." Harris said he believed China's deployment of surface-to-air missiles on Woody Island in the South China Sea's Paracel chain, new radars on Cuarteron Reef in the Spratlys and its building of airstrips were "actions that are changing in my opinion the operational landscape in the South China Sea." Soon after he spoke, U.S. government sources confirmed that China recently deployed fighter jets to Woody Island. It was not the first time Beijing sent jets there but it raised new questions about its intentions. U.S. Navy Captain Darryn James, spokesman for U.S. Pacific Command, said China's repeated … [Read more...] about China gearing up for East Asia dominance -U.S. commander

Conference: “Enhancing Vietnam’s Competitiveness for Sustainable Development” - Side Event of World Economic Forum on East Asia 2010May 5, 2010 at Caravel Hotel, Ho Chi Minh City On the sideline of the World Economic Forum on East Asia 2010 on June 6-7 in Ho Chi Minh City,Vietnam Chamber of Commerce and Industry (VCCI) will organize the international conference themed “Enhancing Vietnam’s Competitiveness for Sustainable Development” in Ho Chi Minh City on June 5. Deputy Prime Minister Hoang Trung Hai will address the event’s keynote. The side event will offer you an opportunity to discuss hot topics with government and business leaders and international renowned think tankers as well as to network with global and local CEOs who are passionate about revitalizing growth dynamism in East Asia and particularly Vietnam. It comprises of the two sessions. Session 1: “Vietnam - Putting competitiveness at the heat of growth” is opened … [Read more...] about Conference: “Enhancing Vietnam’s Competitiveness for Sustainable Development” – Side Event of World Economic Forum on East Asia 2010May 5, 2010 at Caravel Hotel, Ho Chi Minh City

NDO - The countries of developing East Asia and Pacific – among the most successful in the world in reducing poverty and improving living standards – need to adopt a new thinking if they are to achieve inclusive growth going forward, says a new World Bank report. Growth that is inclusive – one that reduces poverty while providing upward mobility and economic security for all – will require countries to go beyond its successful “growth with equity” model, according to the report. Achieving economic security for all is a challenging task, particularly as the region faces newer challenges: rapid aging, less certain growth prospects, and greater urbanisation. The region has transformed from being comprised of mostly poor countries in the 1980s to a group of middle-income countries made up of varying economic classes. The share of the extreme and moderate poor has fallen dramatically but the percentage of individuals vulnerable to falling back into has … [Read more...] about New policy approach needed for East Asia and Pacific to achieve inclusive growth: World Bank Most Recent News